I don’t remember the exact calculation
What I broadly remember is I extrapolated ( an optimistic scenario ) management commentary of strong growth in FY 25 ( 15 pc type or something, will have to revisit the concall ) and subtracted the GLS sales
But … I am not able to recollect clearly. Anyways, don’t go by that. One can still assume a 8-10 pc topline growth over FY 24 and almost NIL interest payments due to the sale proceeds ( post Tax ) received from the stake sale in GLS
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